Foreign nationals now have an option to retire in Sri Lanka through the country’s Dream House Program. A long-term Resident Visa is given to people who wish to stay in the country subject to specific criteria. It is by far the most advantageous offer provided by the Sri Lankan government to encourage foreign nationals to consider the country as a preferred retirement location.
Applicants are allowed to bring their spouses and children who are aged below 18 and are unmarried through this program. The program can be availed of by citizens of all countries recognized by Sri Lanka without regard for religion, race, or gender. It is expected that this program will continuously be improved since it has been initiated and created by the government which assures it its full support.
Approved applicants are given Multiple-Entry Visas which permit unlimited period of stay in Sri Lanka while having the right to own or invest in businesses in the country. This addresses the common concern of many people who are severely limited or deprived of the right to do business in other foreign countries. Another given advantage of this program is that people who choose to avail of this option such as retirees need not give up their citizenship. They retain their original citizenship and are still given unrestricted privileges in staying and traveling in the country.
One of the primary attractions of Sri Lanka is its tropical climate which allows residents to enjoy a leisure lifestyle throughout the year. Citizens of other countries who regularly face extreme weather conditions can readily appreciate this. Those whose illnesses are caused by this type of weather conditions can take refuge in the moderately warm weather of the country.
Retirees who are naturally concerned about their medical needs would be happy to know that there are world-class medical facilities existing in the country. Traditional Ayurvedic medicine is also offered. Illness is a natural part of aging thus the possibility pf facing it should not be taken for granted. What is especially advantageous about choosing Sri Lanka for long-term stay or as a retirement place is the low cost of living thereby allowing more chances for enjoyment of retirement.
Given the advantages of finding a place like Sri Lanka to settle in after working hard for a good number of years , soon-to-be retirees should be aware that it requires sound financial planning to have the means to take advantage of opportunities like this. There are preparations that need to be done prior to retirement. It is best to seek the advice of professional financial consultants.
About the Blogger:
Eugene highly recommends taking hold of the ultimate guide to senior citizen’s finance. He is currently enjoying the benefits of the above-mentioned program.
Originally posted on October 30, 2012 @ 2:05 pm